-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>/in/edgar/work/0000889812-00-003966/0000889812-00-003966.txt : 20001003
<SEC-HEADER>0000889812-00-003966.hdr.sgml : 20001003
ACCESSION NUMBER:		0000889812-00-003966
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20000930
FILED AS OF DATE:		20001002

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAPIENS INTERNATIONAL CORP N V
		CENTRAL INDEX KEY:			0000885740
		STANDARD INDUSTRIAL CLASSIFICATION:	 [7372
]		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			P8
		FISCAL YEAR END:			1231
</COMPANY-DATA>

		FILING VALUES:
			FORM TYPE:		6-K
			SEC ACT:		
			SEC FILE NUMBER:	000-20181
			FILM NUMBER:		733106
</FILING-VALUES>

			BUSINESS ADDRESS:	
				STREET 1:		KAYA RICHARD J BEAUJON
				STREET 2:		WILLEMSTAD CURACAO NETHERLANDS
				CITY:			CURACAO NETHERLANDS
				STATE:			P8
				BUSINESS PHONE:		97289382777
</BUSINESS-ADDRESS>

				MAIL ADDRESS:	
					STREET 1:		P O BOX 2211
					STREET 2:		REHOVOT ISRAEL 76120
					CITY:			REHOVOT
					STATE:			L3
</MAIL-ADDRESS>
</FILER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>0001.txt
<DESCRIPTION>REPORT OF FOREIGN ISSUER
<TEXT>


<PAGE>


                       SECURITIES AND EXCHANGE COMMISSION
                              Washington D.C. 20549



                                    FORM 6-K


                            Report of Foreign Issuer
                      Pursuant to Rule 13a-16 or 15d-16 of
                       the Securities Exchange Act of 1934


                                For the month of
                                 September 2000


                     Sapiens International Corporation N.V.
                 (translation of registrant's name into English)


                              c/o Landhuis Joonchi
                           Kaya Richard J. Beaujon z/n
                                  P.O. Box 837
                                   Willemstad
                          Curacao, Netherlands Antilles
                                (599) (9) 7366277
                    (address of principal executive offices)


         [Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F]


                            Form 20-F X Form 40-F ___
                                     --


         [Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2 (b) under the Securities Exchange Act of
1934]


                                  Yes ___ No  X
                                             ---


<PAGE>


                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.





                                       Sapiens International Corporation N.V.
                                                  (Registrant)




Date: September 28, 2000                   By: /s/ Steve Kronengold/AG
                                               ---------------------------
                                                  Steve Kronengold
                                                   General Counsel

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>0002.txt
<DESCRIPTION>DESC. PRESS RELEASE
<TEXT>


<PAGE>


[SAPIENS LOGO]                                                      [NESS LOGO]

             FOR ADDITIONAL INFORMATION

             Dan Falk                              Yaron Polak
             Chief Executive Officer               Chief Executive Officer
             Sapiens International                 Ness Technologies Inc.
             Tel:  +972-8-938-2877                 Tel: +972-3-766-6805
             E-mail: dani.f@sapiens.com            E-mail: yaron.polak@ness.com

                  SAPIENS AND NESS TECHNOLOGIES ANNOUNCE MERGER

 Combination Creates a Global IT Services and Solutions Provider - Number One
       Player in the Israeli Market -- Positioned for International Growth


Sapiens International Corporation N.V. (NASDAQ: SPNS), a global e-business
solutions provider, and Ness Technologies, Inc. ("Ness"), a privately held IT
services provider, today announced that they have entered into a definitive
merger agreement.

The merger will create a powerful IT solutions organization with strong
international operations and over 3,000 employees. The combined company will
offer a broad range of IT services and "new economy" e-business solutions based
on world-class solutions technologies and methodologies. The merger will also
enhance and expand the combined company's domain expertise in areas such as
insurance, banking and financial services, supply chain and telecommunications.

Under the terms of the agreement, Sapiens will issue 2.1 shares of Sapiens
common stock for each issued and outstanding share of common and preferred stock
of Ness. In the aggregate, Sapiens will issue approximately 40.9 million shares
and assume options and warrants covering approximately 16.2 million shares. Upon
consummation of the merger, current Sapiens shareholders will own approximately
one-third, while Ness shareholders will own approximately two-thirds of the
combined company.

Management of both companies believe that significant operational and revenue
synergies will be achieved through incremental revenues, cost savings and
utilization of combined resources in fiscal year 2001 and beyond. Sapiens
expects the merger to be accretive to its fiscal 2001 reported earnings,
excluding one-time charges associated with the merger, and significantly
accretive to earnings excluding one-time charges and existing goodwill
amortization of both companies.

The transaction is intended to qualify as a pooling-of-interests for accounting
purposes. As part of the merger, Sapiens will change its jurisdiction of
incorporation to Delaware and adopt the Ness name. Shares of the combined entity
will continue to be traded on NASDAQ's National Market List. The transaction is
expected to close in the first quarter of 2001, subject to customary closing
conditions including regulatory approvals and approval by the shareholders of
both companies.

Mr. Yaron Polak, who is currently President and CEO of Ness, and Mr. Aharon
Fogel, who is currently Chairman of the Board of Ness, will assume the positions
of President and CEO and Chairman of the Board, respectively, of the combined
company. Mr. Dan Falk, who is currently President and CEO of Sapiens, will
assume the position of President of the combined entity's international
operations and will be named to the Executive Committee of the Board of
Directors of the combined company. Mr. Ron Zuckerman, who is currently Chairman
of the Board of Sapiens, will serve as a member of the Board of Directors of the
combined entity.

Significant shareholders of the new entity will include the Wolfson Group and
E.M. Warburg Pincus & Co.


<PAGE>
                                                                         Page 2

The Board of Directors of Sapiens has approved the merger and recommended that
Sapiens shareholders vote in favor of the merger. A meeting of Sapiens
shareholders to consider the transaction will be held following the preparation
and distribution of proxy materials.

Lehman Brothers is advising Sapiens on the transaction and has provided a
fairness opinion to the Board of Directors of Sapiens with respect to the
fairness, from a financial point of view, of the exchange ratio. Salomon Smith
Barney, a division of Citigroup, is advising Ness on the transaction and has
provided a fairness opinion to the Board of Directors of Ness. ING Barings is
also acting as an advisor to Ness in connection with the merger.

"This is a natural merger of two almost perfectly complementary organizations in
a way that will create exciting and far-reaching opportunities for the combined
company," said Yaron Polak, Ness' President and Chief Executive Officer. "Ness'
powerful IT organization and project methodologies, coupled with Sapiens' strong
international presence and complementary e-business solutions, position us as a
global services provider that will enable large enterprises to meet the changing
IT demands of the new economy."

Dani Falk, President and Chief Executive Officer of Sapiens, added: "We believe
that this merger will better position us to provide our shareholders with the
type of value that we have been striving to achieve. By merging with Ness, we
envision a powerful combined company that will have the critical mass,
technological depth and financial resources to create significant worldwide
growth opportunities in the future."

A conference call to discuss the merger announcement will be held on September
18th, 2000 at 11:30 AM (EST). To participate in the conference call please dial:
+1-212-896-6003.


<PAGE>


                                                                         Page 3

About Sapiens

Sapiens International Corporation N.V. (NASDAQ: SPNS) is a global e-business
solutions provider. Sapiens delivers strategic end-to-end solutions that enable
customers to capitalize on their information technology assets in the transition
to e-business. Sapiens' e-commerce solutions, such as eMerge Loan, eMerge Insure
and eMerge Supply Chain, as well as its cross-industry offerings, such as eMerge
and EuroMigration, apply new business models and processes in the emerging,
dynamic world of e-business and help clients meet the challenges of euro
migration and reengineering. Applying its technologies, Sapiens strives to
ensure fast time-to-market and responsiveness to change. Sapiens serves its
customer base directly and through partnerships with such industry leaders as
Cap Gemini, CSC, IBM and KPMG. Sapiens' installed base of customers includes 3M,
Air France, Argos, Bosch, Groupe Andre, Honda, IBM, International Paper,
Principal Financial, Siemens Energy and Automation and other multinational
corporations.
You are invited to visit us on the World Wide Web at http://www.sapiens.com.

About Ness

Ness Technologies, Inc., whose principal shareholders are the Wolfson Group and
E.M. Warburg Pincus & Co, has developed, through a series of acquisitions, into
a global, end-to-end IT solutions provider. Ness, which is currently the largest
provider of IT services in Israel, has a blue-chip customer base that includes
hundreds of leading organizations in Israel's private, government and military
sectors. Ness' customers include Israel's leading banks, insurance companies and
cellular providers, Visa, Bezeq, Israel Aircraft Industries, the Ministry of
Defense and many of Israel's premier hi-tech companies, including Amdocs,
Checkpoint and Comverse. Its strategic marketing alliances and partnerships
include relationships with SAP, Sybase, InterShop, Alcatel, Siemens, Microsoft,
Compaq and Raytheon. Ness reported audited revenues of $98.1 million for the
year ended December 31, 1999 and unaudited revenues of $83.9 million for the
six-month period ended June 30, 2000.
You are invited to visit us on the World Wide Web at http://www.ness.com.


                                       ###

Except for historical information contained herein, the matters set forth in
this release are forward-looking statements that are dependent on certain risks
and uncertainties, including, among others, risks associated with achieving a
successful integration of the respective operations of the two companies and
thereby achieving the benefits of the transaction; the failure of the combined
organization to retain key personnel; the impact that competitive forces in the
marketplace could have on the ability of the parties to achieve the expected
financial and operating results and synergies; and the risk that unanticipated
events and circumstances may occur rendering the transaction less beneficial.
Factors affecting the business of the two parties generally include, among
others, market acceptance, market demand, pricing, changing regulatory
environment, changing economic conditions, risks in new product and service
development, the effect of the Company's accounting policies and other risk
factors detailed in the Company's SEC filings. Accordingly, actual results may
differ materially from those anticipated.

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>0003.txt
<DESCRIPTION>DESC. PRESS RELEASE
<TEXT>


<PAGE>

[SAPIENS LOGO]


       FOR ADDITIONAL INFORMATION
       Lauri Hanover                     John W. Heilshorn, Jr./Jody Burfening
       Chief Financial Officer           Lippert/Heilshorn &
       Sapiens International             Associates Inc.
       Tel:  +1-877-554-2426             Tel: +1-212- 838-3777
                +972-8-938-2701
       E-mail: lauri.h@sapiens.com       E-mail: jody@lhai.com
               -------------------               -------------


        SAPIENS eMerge AND IBM's Websphere TO POWER CRITICAL WEB SOLUTION
                       FOR THE PRINCIPAL FINANCIAL GROUP



    Nation's 401K Leader Aggressively Maintains Its Client Online Processing
                    Advantage with Sapiens and IBM Solution

Research Triangle Park, NC--September 28, 2000--Sapiens International
Corporation N.V. (NASDAQ: SPNS), a global e-business solutions provider, today
announced that The Principal Financial Group(R) has chosen solutions from
Sapiens and IBM to enhance its current systems on the web, significantly
reducing costs and improving client satisfaction through enhanced performance.

The Principal, the nation's 401(k) leader and a leading provider of a wide range
of financial products and services for businesses and individuals globally, saw
the need to move their customers to a web-based delivery system. Sapiens eMerge
solution, and an IBM S/390 enterprise platform and Websphere solution,
successfully transferred most customers to the new system for improved access
and efficiency. The savings achieved through this system have enabled The
Principal to continue providing many new enhancements to meet the growing needs
of its retirement plan members.

The retirement plan processing system runs on an IBM S/390 Enterprise Server
that includes CICS, DB2 and Sapiens eMerge. It also utilizes MQSeries to handle
message management to 30 additional servers on a Local Area Network (LAN)/Wide
Area Network (WAN). Their web servers also use IBM's Websphere, which
communicates with core data on S/390 based backend systems.

Commenting on the project, Susie Thomann, Vice President at The Principal, said:
"At the start, we were skeptical, but Sapiens and IBM provided a realistic and
effective way to design the system, utilizing rapid deployment methodology to
build and deploy applications with intelligent middleware integration. We are
handling 1,200,000 transactions every day. Our success and aggressive growth
plans for leveraging the web bring incremental service and revenue channels,
which offer a huge opportunity and benefits to The Principal and our clients."

"Businesses today, like The Principal, are continuously looking for ways to
transform their infrastructure into a more responsive and efficient one," said
Jamie Hewitt, Vice President, e-Business Transformation and Business
Information, Enterprise Systems Group, IBM Corporation. "IBM, together with our
Premier Partner--Sapiens, have designed and implemented a solution that
streamlines processing and improves performance, enabling improved access for
over 43,000 clients."

<PAGE>

                                                                         Page 2

"In today's Internet age, online retirement plan processing is mission critical
for The Principal's clients and for their ongoing success," said Gil Arbel,
Executive Vice President, Sapiens Americas. "This system is an excellent example
of how a properly designed and implemented e-Business system can take customer
service, efficiency and a competitive edge to a new level. Sapiens, in
conjunction with IBM Global Services, utilized solutions and methodologies to
deploy a very complex solution, while eliminating months off the estimated
timeline."

The Principal is now planning to move the in-house users to an Intranet access
using Sapiens' eMerge Workflow Server and longer-term direction for Internet
access is expected to use IBM's WebSphere.


About Sapiens

Sapiens International (NASDAQ: SPNS) is a global e-business solutions provider.
Sapiens delivers strategic end-to-end solutions that enable customers to
capitalize on their IT assets in the transition to e-business. Sapiens'
e-commerce solutions, such as eMerge Loan, eMerge Insure and eMerge Supply
Chain, as well as its cross-industry offerings, such as eMerge and
EuroMigration, apply new business models and processes in the emerging, dynamic
world of e-business and help clients meet the challenges of euro migration and
reengineering. Applying proven technologies, Sapiens ensures fast time-to-market
and responsiveness to change.

Sapiens serves its growing customer base directly and through partnerships with
such industry leaders as Cap Gemini, CSC, IBM and KPMG. The Company's installed
base of customers includes 3M, Air France, Argos, Bosch, Groupe Andre, Honda,
IBM, International Paper, The Principal Financial Group and Siemens Energy and
Automation and other multinational corporations.

You are invited to visit us on the World Wide Web at http://www.sapiens.com.

                                       ###

Except for historical information contained herein, the matters set forth in
this release are forward-looking statements that are dependent on certain risks
and uncertainties, including such factors, among others, as market acceptance,
market demand, pricing, changing regulatory environment, changing economic
conditions, risks in new product and service development, the effect of the
company's accounting policies and other risk factors detailed in the Company's
SEC filings.



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>0004.txt
<DESCRIPTION>DESC. PRESS RELEASE
<TEXT>


<PAGE>

[SAPIENS LOGO]
                                FOR ADDITIONAL INFORMATION
                                Dan Falk
                                Chief Executive Officer
                                Sapiens International
                                Tel:  +972-8-938-2853
                                E-mail: dani.f@sapiens.com



                SAPIENS CONFIRMS THAT IT IS IN MERGER DISCUSSIONS

Research Triangle Park, NC--September 11, 2000--Sapiens International
Corporation N.V. (NASDAQ: SPNS) today confirmed, in response to inquiries, that
it is in the midst of negotiations with Ness Technologies, Inc., ("Ness")
regarding a potential stock-for-stock merger transaction. Ness is a privately
held Information Technology company with 2,300 employees and whose major
shareholders include the Wolfson Group and E.M. Warburg Pincus & Co.

The Company will make no further statement regarding the potential transaction
unless and until a definitive agreement is reached by the parties.



About Sapiens


Sapiens International (NASDAQ: SPNS) is a global e-business solutions provider.
Sapiens delivers strategic end-to-end solutions that enable customers to
capitalize on their IT assets in the transition to e-business. Sapiens'
e-commerce solutions, such as eMerge Loan, eMerge Insure and eMerge Supply
Chain, as well as its cross-industry offerings, such as eMerge and
EuroMigration, apply new business models and processes in the emerging, dynamic
world of e-business and help clients meet the challenges of euro migration and
reengineering. Applying proven technologies, Sapiens ensures fast time-to-market
and responsiveness to change.

Sapiens serves its growing customer base directly and through partnerships with
such industry leaders as Cap Gemini, CSC, IBM and KPMG. The Company's installed
base of customers includes 3M, Air France, Argos, Bosch, Groupe Andre, Honda,
IBM, International Paper, Principal Financial and Siemens Energy and Automation
and other multinational corporations.

You are invited to visit us on the World Wide Web at http://www.sapiens.com.


                                       ###

Except for historical information contained herein, the matters set forth in
this release are forward-looking statements that are dependent on certain risks
and uncertainties, including such factors, among others, as market acceptance,
market demand, pricing, changing regulatory environment, changing economic
conditions, risks in new product and service development, the effect of the
company's accounting policies and other risk factors detailed in the Company's
SEC filings.

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.4
<SEQUENCE>5
<FILENAME>0005.txt
<DESCRIPTION>DESC. PRESS RELEASE
<TEXT>


<PAGE>

[SAPIENS LOGO]



        FOR ADDITIONAL INFORMATION
        Lauri Hanover                      John W. Heilshorn, Jr./Jody Burfening
        Chief Financial Officer            Lippert/Heilshorn &
        Sapiens International              Associates Inc.
        Tel:  +1-877-554-2426              Tel: +1-212- 838-3777
                 +972-8-938-2701
        E-mail: lauri.h@sapiens.com        E-mail: jody@lhai.com
                -------------------                -------------


                     SUDAMERICA LE MANS AIE CHOOSES SAPIENS
                      TO IMPLEMENT EURO TRANSITION PROJECT

Research Triangle Park, NC--September 5, 2000--Sapiens International Corporation
N.V. (NASDAQ: SPNS), a global e-business solutions provider, today announced
that SudAmericaVida y Pensiones and Le Mans Seguros, the Spanish subsidiaries of
two of the most important insurance companies in Europe and South America, has
chosen Sapiens to manage the changeover of SudAmerica's IT host systems to the
single European currency.

The project, which is scheduled for completion by September 2001, includes the
scanning, analysis and conversion of the company's IT system components, using
Sapiens EuroMigration(TM), the premier system-wide solution for euro conversion.
The Sapiens team will work with SudAmerica on all business as well as technical
aspects of the project, including the identification of SudAmerica's business
needs, the delineation of the scope of the project and the planning,
coordination and implementation of all functional and technical aspects of the
euro transition effort.

Commenting on the project, Mr. Rafael Fernandez Herrero, SudAmerica Le Mans MIS,
said: "Sapiens has recognized that a project of this scope and length requires a
high level of commitment in order to allow our employees to maximize their
dedication to business critical tasks and to enable the expansion of companies
in the group. Further, Sapiens' professional team allows us to continue
day-to-day business functions during the transition and adaptation to the euro.
Sapiens has shown us that they have the best professionals, technology and
methodology for this kind of project, as well as the flexibility to manage
exceptions and problems. The availability of the Sapiens Global Services will
also ensure rapid project delivery and allow smooth transition to the euro."

Mr. Yaakov Essoudry, Managing Director, Sapiens Spain, added: "We are delighted
to have been selected as SudAmerica's vendor for their euro conversion
challenge, and we look forward to working with SudAmerica on future IT
challenges. This project represents a breakthrough for Sapiens in the Spanish
market, where we are experiencing an increased demand for our solutions and are
in the process of expanding our operations."


<PAGE>

                                                                         Page 2
About SudAmerica Le Mans:

SudAmerica Le Mans Insurance Group is composed of SudAmericaVida y Pensiones,
and Le Mans Seguros, two large companies that offer a large range of products
and services in the market of particulars, collectives and firms in Spain.

The group is part of two big international firms, the international Mutuelles du
Mans Assurances, which has an important presence in the French insurance
marketplace, and SudAmerica, a leading company in Brazil, which has a large
presence in the South American marketplace.

The group is well positioned in the marketplace of life insurance, accidents and
social pension funds for collectives. The Group is a member of the international
pool IGP in Spain.

SudAmerica Le Mans' results last year confirm the clear growth and expansion in
the Spanish insurance marketplace.

About Sapiens

Sapiens International (NASDAQ: SPNS) is a global e-business solutions provider.
Sapiens delivers strategic end-to-end solutions that enable customers to
capitalize on their IT assets in the transition to e-business. Sapiens'
e-commerce solutions, such as eMerge Loan, eMerge Insure and eMerge Supply
Chain, as well as its cross-industry offerings, such as eMerge and
EuroMigration, apply new business models and processes in the emerging, dynamic
world of e-business and help clients meet the challenges of euro migration and
reengineering. Applying proven technologies, Sapiens ensures fast time-to-market
and responsiveness to change.

Sapiens serves its growing customer base directly and through partnerships with
such industry leaders as Cap Gemini, CSC, IBM and KPMG. The Company's installed
base of customers includes 3M, Air France, Argos, Bosch, Groupe Andre, Honda,
IBM, International Paper, Principal Financial and Siemens Energy and Automation
and other multinational corporations.

You are invited to visit us on the World Wide Web at http://www.sapiens.com.


                                       ###

Except for historical information contained herein, the matters set forth in
this release are forward-looking statements that are dependent on certain risks
and uncertainties, including such factors, among others, as market acceptance,
market demand, pricing, changing regulatory environment, changing economic
conditions, risks in new product and service development, the effect of the
company's accounting policies and other risk factors detailed in the Company's
SEC filings.



</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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